IMC Fertilizer Group Inc. stock closed lower on heavy...

May 25, 1989

IMC Fertilizer Group Inc. stock closed lower on heavy volume after Shearson Lehman Hutton Inc. and Merrill Lynch & Co. lowered their earnings estimates on the Northbrook-based company. Shearson cut its fiscal 1989 earnings estimate for IMC Fertilizer to $5.35 a share from $5.75. The fiscal year ends June 30. The chemicals and fertilizer company earned $3.88 a share in 1988.